December 2022


Marwan Kheireddine Explains Why Bankrupting Banks is a Bad Idea and Floats Crypto as a Possible Solution 

AM Bank Chairman Marwan Kheireddine has acknowledged the challenges currently facing Lebanon, including the calls from some activists for the bankruptcy of local banks due to blocking their deposits. However, Kheireddine disagrees with this approach. He points out that in Lebanon, like in other developed countries such as the United States, there is a deposit guarantee institution owned by the state that protects depositors up to 75 million Lebanese pounds, equivalent to around $3,000. Therefore, if the banks were to be bankrupted, the liquidation process would prevent them from being able to repay the deposits at their fair value, ultimately hurting the depositors. Said Marwan Kheireddine, “I am completely against bankrupting banks. Depositors, in the long-term, need to be assured that they will get more of their deposits, and not less.” Marwan Kheireddine emphasizes that he is against bankrupting banks because it is necessary to ensure that depositors receive as much of their deposits as possible in the long run.

Food Insecurity is Another Factor in Lebanon’s Recent Struggles

In addition to these financial struggles, Lebanon is facing food insecurity and rising oil and food costs due to the ongoing Russia-Ukraine conflict. Lebanon imports around 85% of its consumable goods and has been impacted by the COVID-19 pandemic and the Ukraine crisis, leading to shortages and increased prices. Marwan Kheireddine says, “The Ukraine situation has increased prices in Lebanon significantly. Food prices have gone up. Energy prices have gone up. When you add that up with worldwide shortages and higher demand, plus how much of Lebanon’s products are imported, it’s a bad situation.”

According to a UNICEF survey, four in ten Lebanese youth have used funds meant for education to purchase necessities, and three in ten have had to stop their education altogether. A UNICEF Lebanese representative released a press release saying that the youth of Lebanon are tough to hit. “More funding is necessary to make sure that money worries don’t hinder our youth from getting the education and skills that are necessary to find gainful employment and to be able to contribute to the growth and financial security of Lebanon’s future,” said Ettie Higgins.

News outlet Al Jazeera reported that almost 80% of Lebanon’s citizens have to live below poverty levels. Some are surviving on minimal rations like tea and bread. However, locals are trying to repair the situation by fixing shattered infrastructure and breathing new life into Lebanese industries.

Cryptocurrency as a Possible Solution

Marwan Kheireddine believes that cryptocurrency could potentially improve Lebanon’s economic situation, but only if the country’s economy opens up to the world and its government is no longer in default. Currently, Lebanon’s economy is closed off, and there are restrictions on the movement of funds through the financial system, hindering the use of cryptocurrency on a broader scale. Nevertheless, says Kheireddine, “There’s a role that crypto could play in Lebanon, and the Lebanese people have always been leaders and early adaptors of technology. But unless Lebanon’s economy opens up, it will be hard for crypto to have a chance here.”

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How To Get 1 Year Disney+Hotstar Subscription Free With Vi Postpaid Plans?

In the earlier days, you might have opted for Vodafone or Idea postpaid, now known as Vi postpaid, for the sheer ease of making your Idea or Vodafone bill payment, now combined as your Vi bill payment. But that’s not the case today, each of the Vi postpaid plans offered comes with a set of perks that might interest you.

One such perk that comes along with certain select Vi postpaid plans is the complimentary 1 Year Disney+Hotstar Subscription. Now, if you need a complete Premium Subscription, you’ll directly have to go to the Disney+Hotstar platform. However, if a 1-year Mobile Subscription or 1-year Super Subscription is enough for you, simply go for a Vi postpaid plan that suits your needs.

You can easily make your Vodafone bill payment, now known as your Vi postpaid bill payment, after using the services including your Disney+Hotstar subscriptions. But before that, let’s take a look at all the postpaid plans that offer complimentary Disney+Hotstar subscriptions:

Vi Postpaid Plans For Free Disney+Hotstar Subscription
Cost Per Month Data All India Calls SMS Additional Benefits
₹501 90GB Truly Unlimited 3000/Month 6 month Amazon Prime subscription.
1-year Disney+Hotstar Mobile subscription worth ₹499.
Vi Movies & TV VIP Access and 6-month ad-free access to Hungama music in the Vi App for all members.
ZEE5 Premium Movies, Originals and TV Shows on Vi Movies & TV app.
Binge from 12 am to 6 am for free.
200 GB data rollover for all members.
₹701 Unlimited Data Truly Unlimited 3000/Month 6 month Amazon Prime subscription.
Disney+Hotstar 1-year Super subscription worth ₹899.
Vi Movies & TV VIP Access along with 6-month ad-free access to Hungama music and ZEE5 Premium Movies, Originals and TV Shows on Vi Movies & TV app.
1 Year of full digital access to Wall Street Journal at no extra cost (coming soon).
₹1101 (REDX*) Unlimited Data Truly Unlimited 3000/Month All of the above plus:

12-month SonyLiv Premium subscription worth ₹999.
Access to International & Domestic airport lounges upto 4 times per year.
7 days International roaming pack worth ₹2999.
6-10% discount on booking via MakeMyTrip, upto Rs 2000 off on flights and Rs 5000 off on hotels.

₹999 for 3 Connections 220GB (140+40+40) Truly Unlimited 3000/Month Free 6-month Amazon Prime subscription for the primary member.
Disney+Hotstar 1-year Mobile Subscription worth ₹499 for the primary member.
Vi Movies & TV VIP Access, with 6-month ad-free access to Hungama music in the Vi App, and ZEE5 Premium Content on Vi Movies & TV app for all members.
200 GB data rollover for all members.
₹1149 for 5 Connections 300GB (140+40+
Truly Unlimited 3000/Month

*The REDX plan priced at ₹1101 comes with a lock-in of 6 months. If you change your plan to any other Postpaid plan or port out of Vi or migrate to Prepaid within 6 months of activating the REDX plan, you will be charged a one-time exit fee of ₹3000.

Hence, figure out your requirements and choose your Vi postpaid plan wisely. And if you’re not someone who wants to go for postpaid, you can get similar complimentary subscriptions to Disney+Hotstar by doing your Vi recharge online as well.

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What must investors know about high-risk mutual funds?

There are various types of mutual funds available with various risk levels. These include equity funds like large cap, multi-cap, balanced fund also known as hybrid funds, debt funds like liquid funds etc. Mutual fund types that may fall into the high-risk mutual fund category include small cap, mid cap, etc.

While these mutual funds carry risks, they come with high return potential. As a retail investor, it is crucial to know which top high-risk mutual funds may be your best bet per your investment profile to generate higher returns.

To choose an appropriate high-risk, high-return mutual fund, check its previous performance to ensure it is still performing according to your risk appetite and financial goal requirement.

Features of high-risk mutual funds

High-risk mutual funds are volatile but can deliver high returns. Thus, they are best suited for you if you are willing to take an increased risk. Opting for the best high-risk mutual funds may allow you to yield market and inflating beating returns.

If you have opted for the dividend option instead of growth, you may even get a higher dividend on your mutual fund units. You can use such high-risk mutual funds to gain the benefit of portfolio diversification. Several high-risk funds provide sectoral exposure permitting you to put your funds in sectors expecting higher growth over time. Via such funds, you can even invest in upcoming sectors or new markets like e-commerce or renewable energy.

Thus, high-risk funds allow you to invest in organizations and companies projecting high growth. However, it also means that as such corporations are less steady than big corporations and are vulnerable to market fluctuation, your final returns could be negatively impacted if the corporation performs poorly.

Therefore, you can invest in such funds if you hold a high-risk appetite. If you are risk-averse and remain concerned about protecting your initial investment, you must not invest in such high-risk mutual funds.

Taxation on high-risk funds

As high-risk funds invest in equities, capital gains are taxed according to capital gain tax rates. If the holdings in high-risk equity funds are sold within one year, a 15% STCG (short-term capital gain) tax is levied. If the investment tenure is over a year, the applied LTCG (long-term capital gain) tax rate is 10% on gains of more than Rs 1 lakh.

Who should invest in high-risk mutual funds?

High-risk mutual funds are best for you if you can face risk and have the goal of benefiting from higher growth potential. If you are a long-term investor with a slightly higher risk potential and previous experience in handling market volatility, you can also opt for high-risk funds.

High-risk mutual funds are a perfect choice if you can absorb the short-term volatility and patiently remain invested over a longer time horizon of five years and above.

Just like any investment option, high-risk funds come with a set of benefits and drawbacks. Such funds are prudent if you have market experience and want to stay invested in the market for long. Also, to select the best high-risk mutual fund per your preference, you must conduct in-depth market research.

Once you invest, you must periodically check the fund’s performance with its peer funds and benchmark indices. If your investment underperforms for three years, consider redeeming your investment to invest in better-performing, high-risk, high-return mutual funds.

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How to Maximize Your Savings as a Senior Citizen with the SBI Senior Citizen Savings Scheme

As a senior citizen, you have several options available to you when it comes to saving for retirement. One option is the SBI Senior Citizen Savings Scheme, which offers several benefits and can help you maximize your savings. In this blog post, we’ll take a look at what the SBI Senior Citizen Savings Scheme is and how it works, as well as some tips on how to make the most of it.

The SBI Senior Citizen Savings Scheme.

The SBI Senior Citizen Savings Scheme is a special savings scheme for senior citizens aged 60 years and above. The scheme offers several benefits such as higher interest rates, income tax benefits, and relaxed KYC norms Digital Seva Portal.

How does the SBI Senior Citizen Savings Scheme work?

Investors can open an account under the scheme with a minimum deposit of Rs. 1000 and a maximum deposit of Rs. 15 lakhs. The deposits made under the scheme are eligible for income tax benefits under Section 80C of the Income Tax Act. The interest earned on the deposits is taxable as per the investor’s applicable slab rate.

What are the benefits of the SBI Senior Citizen Savings Scheme?

The main benefit of the SBI Senior Citizen Savings Scheme is that it offers higher interest rates to senior citizens as compared to other bank schemes. This makes it an attractive option for senior citizens who are looking to maximize their savings. The scheme also offers income tax benefits and relaxed KYC norms, which make it more convenient for senior citizens to invest in this scheme.

How to Maximize Your Savings as a Senior Citizen with the SBI Senior Citizen Savings Scheme.

The earlier you start investing, the more time your money has to grow. If you start investing at age 50, you will have 20 years until you reach age 70, when the SBI Senior Citizen Savings Scheme matures. If you start investing at age 60, you will have 10 years until maturity. The longer your investment has to grow, the more money you will have when it matures.

Invest a minimum of Rs. 1 lakh per annum.

To maximize your savings under the SBI Senior Citizen Savings Scheme, you should invest a minimum of Rs. 1 lakh per annum. This amount is necessary to take advantage of the higher interest rate offered on investments over Rs. 1 lakh. It is also important to remember that you can only make one withdrawal per year from your account, so it is important to make sure that your initial investment is enough to cover your expenses for the entire year.

Invest for the long term.

The SBI Senior Citizen Savings Scheme is designed for long-term investment, so it is important to plan accordingly. You should only withdraw money from your account when absolutely necessary, as this will reduce the amount of interest you earn on your investment over time. When making withdrawals, be sure to take into account any taxes or penalties that may apply.

Diversify your investments.

Diversifying your investments is always a good idea, and this is especially true with the SBI Senior Citizen Savings Scheme. By investing in other types of accounts, such as fixed deposit accounts or mutual funds, you can minimize risk and maximize returns. This will help ensure that you have enough money saved for retirement and other expenses later in life.


The SBI Senior Citizen Savings Scheme is a great way for senior citizens to maximize their savings. By investing early and often, investing a minimum of Rs. 1 lakh per annum, and investing for the long term, senior citizens can make the most of this scheme and secure their financial future.

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